IBM sued for alleged securities fraud
 

Big Blue has been sued by a shareholder who thinks the company committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands.

In October IBM’s said it would sell the unit to GlobalFoundries (GloFo) and take a related $4.7 billion pre-tax charge.

http://channeleye.co.uk/ibm-sued-for...urities-fraud/